Loss on Simulator, Profit on Live

Posted by Deb | Day Trading Journey | Tuesday 15 March 2011 12:18 pm

Yesterday I had no time to trade. Sadly, it seems my Mondays are too busy now for the next few months.

Today I opened the charts and saw how much the market has gone down, due to the tragedies in Japan. I wasn’t sure if the diving down was over or not, so decided to try the simulator. It seemed first the market was now “fixing” some of the diving down and going up a bit. I entered a long position – first with 2 contracts, than added two more, but very quickly lost $325.

I waited a bit more, till finally the market showed a definite direction of going down. At this point I passed to live trading, and entered a short position. I first put an order for 2 contracts, but then freaked out and took off one contract. The order caught, but the market was still undefinite. I pushed my limit order up to 2 pips, and finally quit on a profit of $25.

Just then, the market continued going down. I decided to enter another position, again with one contract, and this time waited a bit more. I quit on $37.5. Bottom line: $62.5 on 2 contracts.

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